Allstate Publicizes April 2023 Catastrophe Losses and Utilized Auto Expenses

NORTHBROOK, Ailing., May 18, 2023 – The Allstate Firm (NYSE: ALL) as we communicate launched estimated catastrophe losses for the month of April of $799 million or $631 million, after-tax.

April month catastrophe losses embrace 12 events estimated at $872 million, with roughly 60% of the losses related to 2 wind and hail events, partially offset by favorable reserve reestimates for prior events.

All through the month of April, the Allstate mannequin carried out auto value will improve of 8.6% all through 13 locations, main to finish mannequin premium have an effect on of 1.6%.

“Allstate continued to implement essential auto insurance coverage protection value actions as part of our full plan to reinforce profitability. Given that beginning of the 12 months, value will improve for Allstate mannequin auto insurance coverage protection have resulted in a premium have an effect on of three.3%, which are anticipated to spice up annualized written premiums by roughly $862 million,” talked about Jess Merten, Chief Financial Officer of The Allstate Firm. Our carried out auto value exhibit has been posted on

Financial knowledge, along with supplies bulletins about The Allstate Firm, is routinely posted on

Forward-Attempting Statements

This info launch accommodates “forward-looking statements” that anticipate outcomes based mostly totally on our estimates, assumptions and plans which could be subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements don’t relate strictly to historic or current particulars and may be acknowledged by their use of phrases like “plans,” “seeks,” “expects,” “will,” “should,” “anticipates,” “estimates,” “intends,” “believes,” “seemingly,” “targets” and completely different phrases with comparable meanings. We think about these statements are based mostly totally on low-cost estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements present inaccurate or if completely different risks or uncertainties come up, exact outcomes may differ materially from these communicated in these forward-looking statements. Elements which may set off exact outcomes to differ materially from these expressed in, or implied by, the forward-looking statements may be current in our filings with the U.S. Securities and Change Charge, along with the “Hazard Elements” half in our latest annual report on Kind 10-Okay. Forward-looking statements are as of the date on which they’re made, and we assume no obligation to interchange or revise any forward-looking assertion.

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